China's Luckin Coffee sets terms for U.S. IPO, to raise 480 mln USD
Chinese coffee startup Luckin Coffee announced the deal size of its proposed initial public offering (IPO) on Monday, planning to raise 480 million U.S. dollars in the U.S. equity market.
125th Canton Fair concluded with total export turnover of 29.7 billion USD
The China Import and Export Fair, known as the Canton Fair, China’s largest trade fair, concluded its 125th session on Sunday May 5th in Guangzhou, reporting a total export turnover of 199.5 billion yuan (about 29.7 billion U.S. dollars).
【GZ】 Grade-A office and retail markets both see new supplies in Q1
While a Grade-A project in Pazhou was completed and added approximately 68,000 sqm of offices to the market in the first quarter of this year, the Lisheng GrandBuy Plaza in Liwan opened for business and provided 37,000sqm of new supplies, according to Savills, a global property agent.
Tourism, consumption boom during May Day holiday
China witnessed a tourism and consumption boom during the May Day holiday, running from May 1 to 4 around the country.
China's tech hub Shenzhen to build 7,000 5G stations
South China's technological powerhouse Shenzhen is expected to build about 7,000 5G base stations this year, local authorities said Saturday.
6 projects worth RMB 13.4 billion break ground in Nansha’s Mingzhu Bay
Six high-profile enterprises including Guangdong Transportation Group, Yuexiu Group and China Venture Capital Research Institute held a groundbreaking ceremony for their new headquarters in Nansha’s Mingzhu Bay on April 25th.
Nansha adopts multiple strategies to improve international legal services
A mediation committee for intellectual property disputes was officially established in Nansha on April 23th.
Guangzhou-Hong Kong smart manufacturing project settled in Huangpu
Sun Wah Group, a Hong Kong conglomerate signed a cooperative agreement on April 14th with Guangzhou High-tech district, Guangzhou Development District and Huangpu to jointly develop a smart manufacturing special zone and boost Guangzhou-Hong Kong cooperation.
Chinese economy in good shape in Q1
The Chinese economy got off to a good start in 2019 as more indicators showed positive signs of stabilization for the first quarter (Q1) of this year.
Huawei commits 300 million USD annually to basic S&T research
Chinese tech giant Huawei has announced it will invest 300 million U.S. dollars every year over the next five to ten years for funding research in basic science and technology.